International Crude Oil Price Hit New Peak Material Index Rebound
Author: Apr 02, 2011 13:34
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1st April Commerce Department China·Shengze Silk＆Chemical Fiber Index Comment
1st April, according to the survey of Commerce Department China·Shengze Silk＆Chemical Fiber Index, today, chemical fiber index shows an up and down graph. Today, Commerce Department China·Shengze Silk＆Chemical Fiber Index, the general index dropped down, which is closed at 98.72 points and dropped 0.08 points in compare with the previous day. Of which, chemical fabric price index dropped to some extent, which dropped 0.08 points in compare with the previous day, closed at 97.60 points. Chemical fiber index also stops to rise up, which is closed at 101.29 points, rose 0.07 point in compare with the previous day.
1. See from fabric marketing
Today, chemical fabric index shows a drop trend, which is closed at 97.60 points, dropped 0.08 points in compare with the previous day. Today, sales on Shengze market rose up, of which, conventional products quotation stabilized. On operation rate, water jet loom and air jet loom maintains at 80%.
See from products, sales of each products keeps stable and new fabrics sales well. For example, metallic muslin used for flower package sales well on the market. The biggest selling-point is that it used glitter yarn, and with bronzing and silvering after finish, which is greatly favored by buyers. In additional, a kind of Military Functional Camouflage mesh fabric sales rise greatly. It is said to be one of the mesh fabrics, which is interwoven by poly and nylon, and its selling-point is anti-visible, anti-near-infrared, flame retardant, two-color double-sided coating. The fabric is mainly supplied for military demand, which can improve the camouflage of military facilities.
2. See from material market
Today, chemical fiber index stopped to rise up, which is closed at 101.29 points, increased by 0.07 points. See from upstream material market, crude oil price increased greatly since 31st, oil price in New York and London market hit new peak of a half and two years. By closing quotation, crude oil price of the May acceptance in New York Commodity Exchange rose sharply by $2.45, which is closed at $106.72 per barrel. The North-Sea Brent crude oil futures price of the May acceptance in London market rose sharply by $2.23, which is closed at $117.36 per barrel. Today, PTA spot goods quotation dropped slightly, of which, Eastern-China market quotation also dropped slightly. Suppliers’ quotation cut down $50/t to around 11400CNY/t; and external PTA market price also dropped, Taiwan shipload cargo price reduced $20/t, now it is around $1490/t, and Korean quotation reduced $20/t to $1485/t.
See from chemical material market, poly fiber quotation is mainly stable in Shengze market today, but the production and marketing rate is just so-so. Currently, stocks in plants are mostly three-week amount. Poly fiber quotation by the mainstream poly fiber plant in Shengze area changes little. Of which, a local direct spinning plant quoted FDY50D/24F at 19600CNY/t (Acceptance in 6 month), DTY75D/72F is quoted at 20500CNY/t. Another melt spinning plant quoted DTY50D/72F at 25100CNY/t, DTY150D/48F is quoted at 18000CNY/t. Another big manufacturer quoted FDY40D/24F at 18900CNY/t.
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Editor: Candy From: 168Tex.com
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